Garrett Motion Inc. (NYSE:GTX) Major Shareholder Sells $13,597,091.05 in Stock

Garrett Motion Inc. (NYSE:GTX - Get Free Report) major shareholder Cyrus Capital Partners, L.P. sold 1,502,441 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $9.05, for a total value of $13,597,091.05. Following the completion of the transaction, the insider now owns 25,834,957 shares of the company's stock, valued at approximately $233,806,360.85. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Cyrus Capital Partners, L.P. also recently made the following trade(s):

• On Wednesday, April 16th, Cyrus Capital Partners, L.P. sold 150,000 shares of Garrett Motion stock. The stock was sold at an average price of $9.00, for a total transaction of $1,350,000.00.

Garrett Motion Trading Down 1.6 %

NYSE GTX traded down $0.14 during trading hours on Monday, reaching $8.88. 1,598,133 shares of the company traded hands, compared to its average volume of 1,019,268. The company has a 50 day moving average of $8.94 and a two-hundred day moving average of $8.76. The stock has a market capitalization of $1.81 billion, a PE ratio of 6.99 and a beta of 0.67. Garrett Motion Inc. has a 12 month low of $7.02 and a 12 month high of $10.39.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Quarry LP lifted its stake in Garrett Motion by 180.3% during the fourth quarter. Quarry LP now owns 7,755 shares of the company's stock worth $70,000 after purchasing an additional 4,988 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Garrett Motion by 185.5% in the 4th quarter. Deutsche Bank AG now owns 8,202 shares of the company's stock valued at $74,000 after buying an additional 5,329 shares during the period. Savant Capital LLC bought a new stake in shares of Garrett Motion during the 4th quarter valued at about $96,000. KLP Kapitalforvaltning AS acquired a new stake in Garrett Motion during the fourth quarter worth about $133,000. Finally, XTX Topco Ltd bought a new position in Garrett Motion in the third quarter worth about $132,000. Institutional investors own 86.27% of the company's stock.

Analyst Ratings Changes

Separately, BWS Financial reiterated a "buy" rating and issued a $12.00 price target on shares of Garrett Motion in a research note on Friday, April 4th.

Garrett Motion Company Profile

Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide. The company offers cutting-edge technology for the mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications.